XRP Price Prediction: Can Bulls Force a Breakout Above $3.00?

XRP price today is holding around $2.83, consolidating after a volatile August that saw repeated swings between $2.70 and $3.20. The token’s performance reflects a market caught between strong long-term bullish calls and short-term pressure from persistent exchange outflows.

Traders are closely monitoring the narrowing triangle on the daily chart, as XRP approaches a critical juncture. With moving averages clustered around the $2.95–$3.00 level, the next sessions will determine whether bulls regain control or if sellers extend the correction deeper into the $2.60 zone.

Adding to the debate, external analysts have flagged XRP as one of the most promising breakout candidates in the large-cap space. Popular trader @AltcoinGordon said on X that “XRP is going to FLY,” pointing to a long-term breakout structure targeting levels above $4.00.

XRP Price Holds Firm as Triangle Pattern Narrows

On the daily chart, XRP price action remains locked within a descending triangle that has guided August trading. Resistance sits near $2.95–$3.00, while support is layered around $2.75–$2.78. The 20-day EMA aligns closely with resistance at $2.94, reinforcing the significance of this pivot.

The 50-day EMA rests at $2.77 and has acted as a stabilizing base through the month. Deeper support comes from the 200-day EMA near $2.50, a level last tested in mid-July before XRP surged toward $3.70.

Zooming into the 4-hour chart, XRP trades below the Supertrend indicator at $2.96, which keeps the short-term bias tilted bearish. Each attempt to reclaim $3.00 has been rejected, reflecting sellers’ control around this pivot. Until a close above $2.96 occurs, upside momentum is limited.

The Directional Movement Index (DMI) adds to the caution. The negative directional index (–DI) remains above the +DI, signaling bearish control in the near term. The ADX line, however, is flattening, showing that trend strength is weakening as the range tightens. This setup suggests traders should prepare for a volatility expansion once a decisive breakout occurs.

Whale Flows and Spot Outflows Pressure Sentiment

Market flows underline the hesitation. Data from Coinglass shows consistent net outflows from XRP spot markets throughout August, with the most recent readings showing withdrawals of nearly $200 million across major exchanges. These sustained outflows signal reduced liquidity and suggest traders are shifting tokens into custody or sidelining capital.

At the same time, whale inflows have been sporadic rather than consistent, depriving XRP of the kind of institutional momentum seen in July. Without strong inflows, upside attempts have struggled to hold above $3.00.

Still, long-term narratives remain supportive. Ripple’s continued push into cross-border settlements and recent announcements around institutional custody partnerships provide a fundamental backdrop for XRP’s relevance. This mix of bearish short-term flows and bullish structural positioning has left traders polarized.

Contrasting Views: Bulls Eye $4, Bears Focus on $2.60

Bulls highlight XRP’s ability to defend the $2.75 base despite heavy outflows. As long as this floor holds, the uptrend from July’s breakout remains valid. A decisive breakout above $3.00 could quickly retest $3.20, with Fibonacci extensions pointing toward $3.50–$4.00 if momentum accelerates.

Bearish traders argue the triangle is showing exhaustion. Failure to clear $3.00 could expose XRP to a slide back toward $2.60, where prior support and the 100-day EMA converge. If that level breaks, focus could shift to the 200-day EMA near $2.50, where deeper downside risk becomes more likely.

This divergence leaves XRP at a critical juncture heading into September. With volatility compressed, a breakout in either direction could set the tone for the month.

XRP Short-Term Outlook: Breakout or Breakdown Next?

Heading into August 31, the XRP price prediction is balanced on the $2.80–$3.00 range. Bulls need a daily close above $2.95 to reassert momentum, which could trigger a run toward $3.20 and potentially $3.50. Bears will watch for a breakdown under $2.75, which would tilt momentum toward the $2.60 and $2.50 supports.

Given the compression in both momentum indicators and the triangle structure, volatility is likely to expand over the coming week. Traders are advised to monitor exchange flows closely, as renewed inflows would validate a bullish breakout while persistent outflows could amplify bearish pressure.

XRP Forecast Table